Purchasing your own private island can in many ways be quite challenging. In most cases one lack the experience, it’s not every day you’re out shopping for islands. TheBillionaireShop has put together a few pointers that could be nifty to keep in mind.
Buying a private island is in many ways similar of buying a house, only that the cost is much greater. As with acquiring a house, the bigger your budget the more you will get. It’s better to get a more gorgeous island than to get a poorer one, just to save money. Of course one must consider its surrounding. A more remote island can in ways be more private and beautiful but they’re much less accessible. If there no existing infrastructure one most include the cost for labor, construction material and the transport of the all.
A very important aspect is the availability of water. Look for ground water high enough to build a well. If a well already exists, have it inspected. If there’s no possibility of a well, don’t worry, one can purchase desalination plant for as cheap as $20.000 these days. The estimated amount of water needed annually for part-time island living is 100,000 to 400,000 liters, which for full-time living will require about forty inches of annual rainfall.
Michael Schumachers Private Island
You will have to consider what climate you prefer and choose the islands geographical position accordingly. Some find the tropics to humid and hot, and maybe they like the variety seasonal changes might bring.
Beaches are of course of utmost importance and it’s very rare for islands to have 360 degrees of water. Most common are drowned top of hills (continental islands) the other most often a product of seismic activity. It’s also vital to inspect the sand quality, they differ a lot more than one might think.
When choosing island it important to consider communication. If the island is outside a cellular net, communication will be much more expensive. It’s important to have a rather quick route to civilization, should anything happen on the island.
You will need to employ full-time caretakers and it often wisest to recruit from the locals who often are very familiar with the climate and nature. It’s important to establish your owners rights, in some countries you only own the land that extends as far as the high tide mark, with the beaches below that belonging to the government.
Private islands are soon coming to our shop.
Author: Olle Elander Wistén